The following labor standards have been established for a particular product: . * Standard labor-hours per unit of output .......... 9.0 hours Standard labor rate.......... ......... $ 15.10 per hour * The following data pertain to operations concerning the product for the last month: * Actual hours worked.......... 8,100 hours * Actual total labor cost .......... $ 119,880 * Actual output............ .800 units What is the LABOR RATE (PRICE) VARIANCE for the month? Select one: a. $11,160 F b. $11,160 U C. $2,430 F d. $13,320 V